Lahore: Hub71-supported With assistance from the Abu Dhabi Investment Office (ADIO), ABHI, an integrated finance platform based in Pakistan, is moving on to the next phase of its development by locating its global headquarters in Abu Dhabi and expanding its global activities.
When ABHI joined Hub71, the international digital community in Abu Dhabi, in 2022, it was able to take advantage of the market’s benefits by connecting with a wide range of businesses, investors, and governmental organizations. As part of a large ecosystem of national champions and investors, the capital of the United Arab Emirates collaborates and partners to support enterprises at all phases of growth, from startup to initial public offering (IPO). As the FinTech expands, ABHI is currently collaborating with Hub71’s strategic partner ADIO.
ADIO is providing a variety of growth-enabling support to encourage investment and innovation in the fast-growing FinTech business, including setup enablement, incentives, and connections to the Abu Dhabi ecosystem and worldwide trade opportunities.
“ABHI is a great example of how fast companies can start, scale, and succeed in Abu Dhabi,” said Badr Al-Olama, ADIO’s Director General. Following a year of engagement in the Hub71 tech ecosystem, the company is now collaborating with ADIO to drive its growth and extension beyond Abu Dhabi.
ABHI, founded in 2021, is regarded as one of the world’s most innovative and promising enterprises, having been named a World Economic Forum Technology Pioneer for 2023. It provides payroll solutions to businesses, SME finance, and Earned Wage Access (EWA), which allows employees to withdraw their earnings on any day. Currently, it serves more than 500 enterprises worldwide. Furthermore, the Ministry of Economy, Government Development, and the Future Office have selected ABHI as one of the UAE’s Future 100 enterprises.
According to Startup Genome and the Global Entrepreneurship Network, Abu Dhabi has one of the fastest-growing technical ecosystems in the Middle East and North Africa (MENA), as well as the sixth quickest globally, which adds to the appeal of ABHI’s global headquarters. This milestone reaffirms Abu Dhabi’s position as the region’s premier tech startup cluster, with over 260 startups raising over AED 5.1 billion in funding and generating AED 3.5 billion in sales since their inception. ABHI, as a leader in the SME credit solutions field, has the potential to boost expansion within the UAE economy. The company is now exploring the deployment of its goods with many banks in the United Arab Emirates.
“We are thrilled to establish our global headquarters in Abu Dhabi, a decision that marks a significant milestone in ABHI’s journey,” said Omair Ansari, CEO and co-founder. This move marks a strategic synergy with ADIO’s forward-thinking vision and Abu Dhabi’s strong digital ecosystem, rather than simply geographical expansion. Because of our presence in Abu Dhabi, we will be able to benefit from the active business climate and strong support network to accelerate our growth and innovation. This collaboration with ADIO illustrates our commitment to providing innovative financial solutions while maintaining our position as the industry leader in embedded finance.
To assist Abu Dhabi in achieving its Falcon Economy ambition, ADIO is committed to facilitating investment opportunities in key industries such as financial services and technology. The development of tech-focused sectors in the capital of the United Arab Emirates was assisted by ADIO’s relationship with NEOPLY, a prominent blockchain technology firm based in South Korea, last year. NEOPLY provides a variety of blockchain-based services as well as a De-Fi platform.
